tv Street Signs CNBC December 2, 2013 2:00pm-3:01pm EST
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year. and a nice move in today's trading session, over two thirds of a%. phillips 66 all good percentage movers to the up side. that will do it for this edition of "power lunch." thanks so much for joining us. >> have a great afternoon. "street signs" begins right now, ty and i will see you tomorrow. \s. ♪ and domo rigato to you. hello, everybody. the other hot topics, aside from jeff bezos apparently seemingly insane plans, some of the names will surprise you. how about if you just crawled out from under a rock and realized stocks have already had a great year. on this so-called cybermonday, which i hate, why cybermonday
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may be dead. mandy is on the other side of the world, so we're joined by the talented michelle lee. ten years ago today i think we maid our debut. babies. babies, by the way. let's get a check on where we stand. dow jones industrial average losic some steam. still within range of its biggest yearly -- and larger annual gain on record the now down 28 points. the broadest gauge of the mark. brian? >> i love saying happy cybermonday. it makes it seems like it's an actual real day, instead of something created about i real mark marketers. either way, about 70% have high-speed internet at home. when was the last time you heard this sound -- amazon saw more
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than 300 orders per second on this day last year. how exactly do they keep up with that demand? courtney reagan is all the way out in phoenix, arizona. courtney? >> reporter: that's right, brian. this fulfillment center covers 1.2 million square feet. on "power lunch" we showed you where the merchandise comes in, it's the inbound area to receive it from ate vendor. after that it gets sent to the picking area where it's primed and ready for when those orders do finally come in. once those orders come in, it is gone through the picking system, and that on a day like cybermonth with deals every ten minutes, the action hardly lets up. after those ordered goods versus playab is placed into the bills.
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this is called the slam line. they slap bar codes on manually to be send down the conveyor system before the geographic labeling system is actually slapped on. that part happens by a machine. the packaging continue on the conveyor system until conventionally they are sorted geographically by delivery region. of course, a day like cybermonday is a huge day for amazon. while the company hasn't provided any expectations for today, we know last we're 26.5 million products were ordered by customers around the world. most people think it will be a winner. it's hard to deny the impact. with or without drones? >> thank you, courtney. jeff bezos revealing last night
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on "60 minutes" they are experimenting. >> i know this looks like science fiction. it's not. wow. this is early. this is still years article it drops the package. we can do half-hour delivery. we can -- >> years away is key here. in the next four or five years. do not travel by drone to the nyse, but you hung out with a drone maker about half an hour ago. >> you can technically do it now. it's not populated with actual people. other objects in the sky. weather, that's complicated. when you when you think about
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the potential up side, $5 billion spend last year on shipping, more than $6 billion they're on track to spend this year. if they could deliver your goods to you in 30 minutes or less, that would be more convenient than going to the store. potentially huge, especially with grocery delivery? they could drop those tomatoes from sky. >> you have you have to fewer than five pounds. when i heard this yesterday, you think it's not for four or five years. this is pie in the sky kind of stuff. i thought to myself, self, maybe it's back amazon is trying to prove it's still an innovative company and it has big giant ideas out there, so this is a pr stunt? >> plus it's cybermonday, which we're saying amazon, amazon, amazon. >> bingo. jon fortt, i think you just hit
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it maybe it will never quote but here her. >> i think there's some real meat to the bone here. it is years away, but it doesn't hurt amazon to let everybody know they're really into fast delivery at a time when people want fast delivery. i'm with you, brian. i used to think that cybermonday was completely made up -- >> it is. >> -- but it's made up really well, in the sense that people still like to use their internet connections to buy things online at the beginning of the week. >> because, jon, it's hard to buy something online without an internet connection. that's called going to the store. >> it used to be the case that cybermonday was because people needed the broadband connection
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at work to shot. now true anymore. you can do it on phone, but people are still more likely to buy early in the buy and buy digital later in the week. >> jon forte, thank you very much. happy cybermonday to you and your family. >> and to you. the model of amazon.com should be free beer tomorrow, you can substitute profits for beer. jeff bezos is acknowledging 19 years after founding the company it incredibly still is note making profits. less's bring in and raymond james' aaron kessler. aaron, here's my problem with amazon. arguably a fantastic company, drone or no drone. $17 billion in third quarter sales, $267 million in operating million. that is a horrific operating margin. >> yes.
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we take in the longer-term view, clearly margins are low today. and i believe on the show yet five to six year, gaining a lot of market share, and we do think margins will come long term. >> colin what's your threshold for a buy at this week. is the threshold turning a profit? you can be right in theory, but wrong in the markets. a hold rating on amazon for many years has wrong in the markets. absolutely. >> the shareholder base, they love amazon, but if you look at where it's ranked it's the 16th -- so the problems with the future, is already baked into the stock right now. in fact, you can sea, well,
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where could it go? walmart? fine, walmart is number eight, right? walmart is doing 17 times the operating profit, and five times the revenue of revenue, so they need to show some deliver on their problem, not just drive retch on a profitless basis. >> do you they they can ever do this? we've been singing the same song about amazon for the last 12, 13 years. all stock does is continue to go up. >> correct. it doesn't mean that it could wind up being still for a very long period of time as it growing into its valuation. that's the concern here. when you're losing 470 basis points in shipping losses, that's what margin for an average retailer. for those people who think the company -- i point you back to the earnings -- two earnings calls ago where they said, hey, that may not happen, if they
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could get a high single-digit margin, they would be happy with that. let's see them turn a profit. >> you know, colin makes good points, but thinking linearly, when you look at amazon's web services, some analysts are leaping a $50 billion valuation on that part of the business a lone. that's a very high-growth business. how many of the web services can actually contribute to amazon, possibly working toward the eventuality, maybe of having a maybe margin. >> the web services, we think that's about a $6 billion ref -- we think -- potentially higher. and or valuation, that's about $30 billion. the other thing i would point out even though revenues are much lower, a lot of analysts don't factor in the marketplace business similar to ebay.
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so investors kind of overlooked that business, very high margins. >> good discussion/debate. i have a feeling it's not over. thank you both very much. on deck, we're playing a game of catch-up. if you missed on this year's epic market run, could now be your final chance to get in? or is it all right gone? plus my five most interesting stock story. >> healthy hotels, buoyant billionaires and big bet on a boston beer. "street signs" is back after this break. ak. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities
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when interest rates tend to go to the up site. here as a new flash. the dow is up nearly 20% this year. however, some experts are warning of a correction shun. here's what david koston said earlier on "squawk on the street." >> the market is up now almost 50% in 18 months that's the biggest drawdown we've had. so the likelihood, 67% probability is we'll have a drawdown somewhere on the vicinity of 10% in the next we're. year. can you still get in? let's ask jim paulson. jim, what do you think? do you think we'll get this pullback? if your timeline is 20 years, why do you even care if we pull
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back? >> i don't disagree that we'll get a pullback, ooze are we're get a 10% correction next year, but my feeling is that it comes from higher levels. i think we really the next several months, maybe up to 2,000 on the s&p and we correct back to where we are today. i look at kind of a flattish mark next year. i don't think it's terrible. i think after that, i still think we have a lot of up side left in the market, maybe we aren't even halfway through this economic recovery yesterday. multiples are just average for the most part. i think before it ends we'll have multiples hit 20 times or better. i think there's still a lot of room. i would encourage people if they're not where they want to be for the next four, five years, that use next year to slowly get there. maybe investment a little every month, don't try to call the exact rally and correction. i would start the year adding to cyclicals.
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if the market goes up and bond yield is back up, i would change to make allocation towards -- i would try to get myself in a position of greatest equity exposure. we've been talking about this catch-up trade if case you missed the trades. is that the right way investors should be thinking? should it just be at this point, would you put fresh money in is it do you think it will be higher in the next 12 months? >> i agree with jim that the second half of the year could be a lot more troublesome, but right now, you talk about how the goldman sachs is worried about we haven't had a 10% correction in quite some time, but if you look at the history of qe, all three qes didn't see a correct of more to 4% to 6%, except at the qe-1, which is late 2008/2009.
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so that supply/demand equation is beneficial for the stock market right now. i neff want to underestimate the stupidity of the people in washington. what's going on with the democrats, i don't know that you'll see the republicans fighting quite as hard as they did a couple months ago. >> matt, do we care that much about politics anymore? vis-a-vis the stock market? we've been fighting for about four years in the playpen there, and stocks just go higher. >> one of the problems we have with the qumt e. is as ben bernanke said many times, they -- so that people in washington that make the tough decisions that need to be made to fix the structural problems we have, the problem is they haven't done that. so at some point we will have to care about politics. i think once we -- the fed, if they start to taper, i think that's going to be a problem, because each time we see the end
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of qe, it's been followed by a correction, and fairly significant one. >> last question to you, jim. you believe the ten-year yield will go to 10%. is that going to be the greatest short in 2014? >> i think the housing stocks come under pressure will, at least on a relative basis. i do. but yields will only go to 4% if the economy is good, and that's what i'm thinking is going to drive it there. you know, we've got -- i think the biggest thing in the room is the global synchronization of the global recovery. we have manufacturing and housing fires together for the first time while we have a chronic and persistent delivered, but globally growth in the u.s., europe, japan, reacceleration in the emerging world. that synchronization is something we haven't had. so i think housing activity might do better than you think, even though there's higher mortgage rates, because of the fact that we're synchronizing the global recovery. i do think the stocks may
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underperform while those rates go up, but we could peak, you know, before the end of the year, maybe a 375 ten-year, something, and there could be a great housing trade if mortgage rates back off after they peaked at the ends of the year. thank you guys both, very much. we do appreciate it. still ahead, you could call it the whole foods market of hotels, a healthy chain making a big bet on healthy living. is it smart or completely doomed to utterly fail? >> the uber-rift are setting sail. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence.
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oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. keep an eye on what could be the biggest hotel ipo ever. hilton worldwide says it plans to raise up to 2.37 billion in the offering. the road show starts tomorrow. hilton is expected to price one week on thurl, then return to the trading to the new york
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stock exchange old friday. brian? well, in the meantime hilton competitor, intercontinental unveiling a new line of hotels aimed at healthy living. bev an exclusive first look. break some news here with simon hobbs with the president. >> after years of planning and design, ihg homes this new even hotel brand will become as commonplace as others. let's welcome the president of ihg america. kirk, you let us film inside your innovation center, as we look at the brand incubation room. what's the pitch to independent hotel owners? why should they pay you to franchise an even hotel? >> even hotels is in support of the traveling public who are leaning into wellness we know that businesses article individuals are looking for an
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option at a mainstream price to maintain their health and wellness. >> it's eating well, resting easy, keeping active, which of those is the most important? >> all are important. that's the difference. it's the total wellness offers. for wellness, it means different things for different people. to be able to deliver on what their eating well might be. for me it's blueberries and granola for breakfast, but maybe an indulgence pinot noir for dessert. >> do you think this could do the same, could even do it? >> i think even hotel has every opportunity to define an important growing segment. people need to continue to have the same kinds of choices that they have when they're at home, as when they travel. so they have the opportunities to maintain their dietary needs, if that's the case, or to
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continue to stay active, as you said, but importantly, to also get a great night's sleep, and also keep moving on the day for the purpose of their travel. >> kirk, one of the reasons that hilton will stop building its book tomorrow for the eventual ipo is now is considered to be a good time to be a hotel owner, because there's so little supply comes in on the market. >> what success are you having at the moment? is it stuff out there? >> well, certainly we're seeing a huge demand profile against a limited amount of supply, but for great brands like even hotels, we wouldect to have great success. we've -- here today are announcing a new hotel for us in brooklyn, new york, a new evening hotel would be number five. we have three hotels in the new york area, and that includes the
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two in manhattan and one in norwalk, connecticut. now this makes number four. >> circumstances, thank you for joining us. guys? >> do you find that idea a bit odd? >> what odd? >> even. >> odd/even. >> oh, i get it. >> welcome to brian sullivan's mind. >> oh, i've been there. >> we all have. >> is it the roach motel, you're checking in, but not checking out, simon? >> all right. on deck. apparently what keeps going down, while gold continues tos a scrooge. >> happy cybermonday, by the way. a special edition of "street talk is on tap. ♪
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he's flying this thing right now. i bakley just rammed it into a wall. >> five seconds ago, quote, give me the controller. i want to control the drone. i said, he's going to break it. what does he do? >> does it look broken? >> it goes into the wall. >> i had no time to practice. that's now how we're going to transport all talent that's under 5'2", and get rid of our car service. >> i weigh quite a bit more than five pounds. let's do "street talk." although they said, listen, the anthroapology and free people has outperformed, but losing confidence in their ability to adjust to the
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miscues. it's actually still above where the stock is right now. >> this is a too little too late kind of call. a little late to the game. but moving on. >> when is the last time we have -- >> we're upgrading these days. >> stock it down for the year, but in the same call, we should know lu lu lemon was added to the best ideas, and booted out urban outfitters. the miracle of television. >> ebay with an upgrade today. >> a disappointing stock. fair to say? ebay -- a strong holiday season,
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look at that chart. stock hasn't done anything. no word yet. >> but they're working on -- paypal is working on interglaktive payments for everybody. our under the radar pick today. right a terrible year, stocks down almost 50%, but raymond james, folks, initiating with a strong buy, and a $30 target. that, my friends, is about 50% higher than the current price, this is one of the lowest rated stocks on the streets. you know, melissa, right? years and years of fast money, when all the sentiment is one way. >> don't steal him for "fast
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money." >> i'm not stealing anything. >> we've got you all weeks. speaking of appreciate metals -- not just melissa -- close to a bounce ahead or buster to the down site? let's start talking some numbers. richard ross, zach caramel. all right, we know what the fox says, what do the charts say? >> let's keep it simple today you're underperforming by 54% this year? see that well defined downtrend? you simply cannot own gold absent a break back above that down trend and the 150-day. we've broken below the neckline of a continuation pattern as well, which projects measured down side, but just when you think it couldn't get any worse,
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we bring up the longer term weekly chart. i could go on busting up gold all day, but i just want to focus on the longer-term moving averaging. we now have the 50-day crossing bush the 50-week below the 200. why is that important? was over 11iers, brian, i think we're destined for $1,000. that's the neckline of the head-and-shoulders bottom from '08, '09. you're going lower. if the sell signal worse as well as the buy, i would be a seller. >> even if gold prices are destined to go lower after this point, does that necessarily make it a sell in a lot of production has been taken off-line. some of the headwinds like fuel costs have also come in. >> obviously there's a difference between something you own lie the physical gld or buy shares of a goldminer, i feel
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better if all the those drones were gold-plated. so i would say there's some utilitarian use for gold. which presumely is it -- and that to me is probably the only reason an individual or financial planner would own gold at this point, right? the under quantifiable, not easily priced risk policy, you know, when $900 or dlsh 1200 will seem if they feel that's an important small component, i suppose that's like buying other insurance. 6. >> technically 11 years since the a-day broke above 200. my advice, turn off your twitter
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feeds and -- because the gold bug will be coming out to you soon. up next, my five most interesting stock stories right now. think beds, shoes and computer. >> what blackberry, monty python and the princess bride all have in common. next, what is coming up on "closing bell"? >> we have a fascinating two hours. brian belski is here, and here's a shocker -- he's stilt bullish. we'll talk about that next year. >> also retail sales looks like they disappointed, but we have a couple names of retail stocks. >> i know of at least one tesla that was purchased over the weekend. why amazon founder and ceo may have a secret weapon in his back pocket that would help change regulations and turn his drone delivery dream into a reality. >> yes, the oak okoppetter and
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bertha coombs has more numbers. >> reporter: after five weeks, big tech surge, they doubled capacity on healthcare.gov, and as of this morning, 375,000 people trying to get on and trying to stop and sign on. the capacity they have, they've been going on this morning, have found themselves in a queueing system that holds their place in line, gets back to them when freed up, and lets them back in. supposedly the capacity is for 800,000 users a day. you can see just in the first few hours, but noon, according to reports, nearly 400,000 people had already tried to get on, so they are being swamped as people try to get in under the wire and try to enroll in health
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care that will start their coverage on january 1st. back to you. >> bertha, thank you very much. appreciate it. 2013 shaped up to be an epic year for stocks and stock stories. it was tough, but i tried to narrow down the five most interesting stocks. number five, tempur sealy. watch out, 11 analysts have a price target that is $3 below where the stock is now. deckers outdoors, it's been on the rise, three times in the past decades it's collapsed by more than 60%. dangerous. pioneer natural resources, a name we highlighted in october, we spoke to the ceo. guess he said something the market didn't like. good call, by the way, on brian kelly on "fast money" on october 23rd. he shorted it. >> trade update tonight on pxd. >> if you're watching, b.k. good call.
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it's ducked in the past 12 months. competing for obama care, the number one most interesting stock in the market, j.c. penney? >> really? why? >> listen, i'm sick of it, too. it's the jacksonville jaguars of stocks, stinks, stinks, stinks, until the past month. >> even though it's leading the s&p, 30% of the shares outstanding are still sold short. so that's why -- and this is a make or break quarter and monday for j.c. penney. herb, i e-mailed you. the full story is on -- i e-mailed you the story, as usual you sent me back a few snarky remarks why i was all wrong about everything. what am i most wrong about? >> first of all, i am so sick of
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this story of j.c. penney. >> we agree. >> we agree 100% on that one, so let's just move on from j.c. penney. i don't want to hear it again. you know, what more can be set? that's the way i feel. yes, you're right in something you said. that was this december will make or break j.c. penney, but i think the theme that j.c. penney has with all these companies other than pioneer, they were all so washed out. in a market like this, where, you know, will they grow into their valuations? that's really going to be the question. so you look at a company like temp dur pedic, it shot up after it was news that david einhorn has a position. it's not a big position. there are who is who sigh it's in and out a due oply market. so did 9 risk there?
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absolutely. it's one i've been flying the red flags over until a few quarters ago, just because it's been watched out. >> how about deckers? i'm curious. a lot of analysts cite sheepskin costs coming in, and also they have this new pure line which treats the wool so it feels like the furry side of sheepskin, so the costs are being reined in. there's something behind the stock run. >> we hear the gain share for us. i will say something interesting. when deckers really got hit about a year and a half ago. cash flow was just flashing red, flashing red. if you look at the cash flow trends therer they're not flashy red. you request argue they went through a tough time, things might actually be getting
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better. >> but if you notice what i pointed out, three times in the last decade. deckers has taken a 60-plus percent dive. it's recovered every time, and those ultimately -- >> these are companies -- look -- >> that is volatility as volatile gets. >> brian, with all of these, even if you look at hewlett-packard, you can say until the company says it's good or bad, it doesn't matter. in hewlett-packard, the company delivered -- with any companies,s in misstep, you have the opposite. illustrates any other name that sticks out, herb? what did i miss? >> what would have been -- what would have been your number one since you pooh-poohed j.p. so much. >> any stock out there? >> don't say tesla. don't say tesla. >> no. all these companies, you talk to people who short stocks for a living, they tell you they
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can't. they are just standing on the sidelines. which stock is the most interesting in pick any of them. what am i going to say, green mountain again? i'm sick of that story as i am of j.c. mennie. >> we're not sick of you, herb. >> thank you, herb. meantime, blackberry's ceo putting out an open her to customers say we're very much alive, thank you. jon, to me if you have to remind people that you're still around -- >> you're not! >> bingo. you're not around. i'm still here. don't say that. >> you know, this reminds me of a very important moment in movie history where someone else was on the brink of dead, or not quite dead. roll the clip. no clip? well, i will paraphrase. there's a difference between mostly dead and all dead. >> we know the clip died. >> yeah, when you're all dead,
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there's only one thing leave to go, go through the pocket and look for loose change. look, this her is about pebez-t. it makes me wonder if they're in a pivot here. making the point that they can manage not just blackberry, but also android is to migrate handset strategy to android when blackberry's software on top. >> is microsoft/nokia completely out of the game? today on a day where microsoft hits a new high, the doj approves the purchase of nokia, no mention of that. >> they're very much in the game. microsoft has the exchange server, active sync, so they're not going to even try to manage
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microsoft nokia devices. they have their own back end. >> jon fortt, thanks for that. coming up next, the sporty sign of the times for bitcoin. plus buoyant billionaires, why the ultra-wealthy are sevening their money into a floating city. that gets your sustains. a free checked bag year attention. with my united mileageplus explorer card. year attention. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪
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sign of the time for bitcoins. a college kid held up a sign during espn's game of the day that said, hi, mom. send bitcoin. so far he's received two dozen bitcoins of current prices above $1,000 per bitcoin. the kid has made $24,000. not bad. tonight on "fast money" we'll talk about bitcoin with a currency strategist, talking about a virtual currency. tweet us your question questions @whatthebitcoin. >> i'm watching. bitcoin is confusing. >> it is. volatile. all this shopping talk has
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us thinking, when do people actually buy stuff? are the hottest deals only on black friday and cyber monday or can you get great deals and less crowds other days? joining us, jan rogers kniffin and mark. is it a bargain day or media hype? >> there's a lot of media hype about cyber monday but the deals are fantastic. we're seeing deals start earlier and earlier every year. >> doesn't that mean it's not cyber monday if they start on monday? >> they start on sunday. >> that's not cyber monday. >> today we are seeing fantastic deals. we really are. >> they're better than sunday or tuesday. >> the tech deals significantly decrease on cyber monday. sib other monday is the undefeated champion in clothing and shoe deals. >> jan, what say you?
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i'm obviously mocking it. >> it was credited in shop.org when people went to work to use the high-speed internet connection. do we care? >> we do care. we're retailers. we love black friday and cyber monday. do i think the deals are only on cyber monday? some are. but some started earlier in the week. black friday deals started last sunday in a lot of cases, in the stores. that's the first year i've seen that to that level. next year we'll open at 6:00, not 8:00. start deals on sunday before black friday. run it right on through. is black friday going to be as important? no. will it be still the biggest day of the year? yes. >> this is what i want to know. i'm a vier. i actually went shopping on black friday, in the stores -- >> i know, you're mortified.
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>> the stores were packed. but you hear sales numbers because thursday robbed from friday. if i'm at home, i want to know, will i get better deals towards christmas because they didn't -- >> december 26th. there's your shopping day. deals galore. >> jan, what do you say? >> december 26th -- >> before. >> peanut butter and jelly sandwich. >> this year i'm skeptical because we started great deals literally a week ago. they're running through black friday. we had a really good november. we had a really good black friday week. these guys don't have a lot of invoener to in the system. >> it's going to be a good chance you won't see better deals on most items between now and christmas. >> wait or shop now? >> toys get better in december, specifically two weeks before christmas. we researched toys "r" us' deals
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list and it gets better. >> bottom line, hold out. thank you very much. appreciate that. next up, the growth grossest $11,000. and a city for the super rich. they're not the same story. [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ the chief life officer. so when my moderate to severe chronic plaque psoriasis them. was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab.
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humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. you should not start humira if you have any kind of infection. make the most of every moment. ask your dermatologist about humira, today. clearer skin is possible.
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you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] this december, experience the gift of true artistry and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. gross. gross. somebody paid $11,000 for the beard of world series mvp david
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ortiz. gillette auctioned off the trimmings, the razor and big papi autograph on ebay. the money will go to movember, research for testicular. >> what do you do with the sheaings? >> whatever you want. robert frank is here with our story. >> the super rich are way from the rest of the world, we now have the freedom ship. one-mile long, 24-story tall mega ship, really a floating city rather than a boat. it would carry 50,000 residents, 30,000 visitors, own home, hotels, packs, hospital, casino, and airport at the top. it's too big to dock. it would travel around the world. they would port along the way. it would cost $10 billion to build. they are looking for startup financing. director telling me they're
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still in talks with several possible investors, including some in asia. after the story went viral over the weekend, they've been barraged by inquiries for people that want to buy homes or operate companies on the ship. a chief marketing officer told me there's a 25% chance they'll get funding. not looking clear. unclear how it would be with taxes but not registered in the united states. >> thank you. we'll see you tomorrow. >> i'll see you tonight on "fast." "closing bell" is up next. welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. we need an 11-point gain on the dow to hit an all-time high. >> we won't get it. >> i don't think so. >> we're 50 points away. >> anything's possible. >> the s&p 500 looks a little better. barely positive, if it closed higher it will be a couple
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